tag:blogger.com,1999:blog-4935547461251083572.post4307401864942666202..comments2022-11-11T10:12:34.497-05:00Comments on Player Vs Auction House: Crafting Paradigm Follow-upAzurielhttp://www.blogger.com/profile/16581263347888757710noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4935547461251083572.post-68192582193744391792011-03-25T21:46:16.986-04:002011-03-25T21:46:16.986-04:00[Posting on behalf of Anon, whose comment was eate...[Posting on behalf of Anon, whose comment was eaten or deleted or something]<br /><br />Those are all good points and I don't disagree with you on them. I suppose I may be guilty of responding to a multitude of opportunity cost posts that span most of the gold-making blogosphere rather than your specific post. It's exactly the nuances that you bring up in this post that I wish more gold bloggers would talk about when they make their inevitable posting on opportunity cost, and how foolish the "farming means it's free" crowd is.<br /><br />FWIW, no I didn't mention where the cloth and dust in the example came from, but I think it's pretty clear that it can't be bought from the AH at the listed prices. No one can credibly argue that straight-out paying 315g for embersilk cloth and hypnotic dust only to craft it into a bag that sells for 300g is a good strategy.<br /><br />"It is also debatable how much sense it makes to call something a "market price" when you cannot realistically sell items at that price"<br /><br />I think this could be considered the crux of what I was trying to say on Cold's blog with the hypnotic dust thought experiment, and my comments here. Although I tend to object to the rigid statement that you should never craft and sell an item for less than the value of the raw materials, I wouldn't object nearly as much if we went on to talk about how to properly determine the value of your materials. Yeah, it doesn't make sense to craft your item below the value of your materials, but figuring out what the "true" value of your materials is is a complex problem which shouldn't be solved by simply going to the AH and looking at what the lowest price is. I suspect that all the successful gold bloggers know this, but that a lot of the newer "goblins" who read these blogs would benefit from thinking about.Azurielhttps://www.blogger.com/profile/16581263347888757710noreply@blogger.comtag:blogger.com,1999:blog-4935547461251083572.post-82742777439414180412011-03-25T13:11:22.956-04:002011-03-25T13:11:22.956-04:00Ah... got another one for you... Runescroll of For...Ah... got another one for you... Runescroll of Fortitude II.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4935547461251083572.post-24293659172069592762011-03-25T09:12:12.449-04:002011-03-25T09:12:12.449-04:00Those are all good points and I don't disagree...Those are all good points and I don't disagree with you on them. I suppose I may be guilty of responding to a multitude of opportunity cost posts that span most of the gold-making blogosphere rather than your specific post. It's exactly the nuances that you bring up in this post that I wish more gold bloggers would talk about when they make their inevitable posting on opportunity cost, and how foolish the "farming means it's free" crowd is.<br /><br />FWIW, no I didn't mention where the cloth and dust in the example came from, but I think it's pretty clear that it can't be bought from the AH at the listed prices. No one can credibly argue that straight-out paying 315g for embersilk cloth and hypnotic dust only to craft it into a bag that sells for 300g is a good strategy. <br /><br />"It is also debatable how much sense it makes to call something a "market price" when you cannot realistically sell items at that price"<br /><br />I think this could be considered the crux of what I was trying to say on Cold's blog with the hypnotic dust thought experiment, and my comments here. Although I tend to object to the rigid statement that you should never craft and sell an item for less than the value of the raw materials, I wouldn't object nearly as much if we went on to talk about how to properly determine the value of your materials. Yeah, it doesn't make sense to craft your item below the value of your materials, but figuring out what the "true" value of your materials is is a complex problem which shouldn't be solved by simply going to the AH and looking at what the lowest price is. I suspect that all the successful gold bloggers know this, but that a lot of the newer "goblins" who read these blogs would benefit from thinking about.Anonymousnoreply@blogger.com